There are numerous private and public banks in the Indian banking sector, of which SBI is the biggest one. Over the years, it has gained name and fame owing to its incredible services, transparency in transactions, and other benefits to the public. Hence, getting a job in the bank as a probationary officer makes it a lucrative career option. This is the reason there are lakhs of candidates applying for the SBI PO exam whenever there are openings. Read on to know the pros and cons of SBI PO.
SBI PO Job Profile:
Customer service is the primary focus of the SBI PO job profile. It involves dealing with loans, opening new accounts, making deposits, and others. Bringing new business is also one of their responsibilities. This is done by offering different services and products such as recurring deposits, insurance policies, fixed deposits, and others. Disbursal and collection of cash, clearing payments, management of reports, having official correspondence with other departments are other responsibilities.
Pros of SBI PO:
Among the different banks, SBI pays the highest to its probationary officers. The average CTC of an SBI PO is 8 lakhs per annum which comes with numerous other facilities. This includes ample scope for upskilling oneself to take up the career graph, chances for working abroad in foreign countries, and leased accommodation. Besides this, there is no service bond in this position. But to avail of all these, one needs to apply for the SBI PO exam and clear it. Once successfully appointed, it offers a bright future in the banking industry as there are amazing chances of career growth.
Some other pros of SBI PO have been listed below:
- Leave policy:
An SBI PO gets 12 leaves with 30 privilege leaves per year. Women are entitled to 6 months of maternity leave. Thus, this is a great policy for someone who is more conscious about the leaves.
- Concession for leave travel:
LTC is another lucrative aspect of the job profile that ensures employees spend enough time with their families. It is a leave travel concession available in 2 or 4 years. So, those who love traveling will have an amazing experience as there are a large number of guest houses for this purpose, all across the country.
iii. Skill enhancement opportunity through training:
SBI PO job profile needs candidates to be intellectually demanding. So, it regularly trains the POs to keep them updated with the nuances of banking. This makes the position intellectually stimulating. After getting hired, the bank POs undergo a 2-year probationary training period to ensure that they are equipped with all qualities for handling and resolving matters efficiently.
- Smart compensation package:
SBI is one of the first banks to implement this smart compensation package system. In this, employees are allowed to monetize certain parts of their compensation package. This results in a better employee experience.
- Medical aid:
CGHS scheme in SBI provides medical aid. This allows 100% compensation for the individual and 75% for the family.
Cons of SBI PO:
Although there are numerous benefits of SBI PO, there are some drawbacks too, as mentioned below:
- Work pressure:
The work pressure for SBI POs is usually high. However, the way individuals perceive it differs from one person to another. Meeting the targets, the need for staying late at work can seem to be pressurizing for most individuals. Also, the controlling head or branch manager is an important factor determining how well the workload is distributed and managed.
- Work-life balance:
Despite the LTC and good leave policy, people might face issues related to work-life balance when they fail to work smartly. There can be situations when the workload can be more and might require stretching usual working hours, disrupting the work-life balance.
Conclusion:
Although there are some cons to the SBI PO job profile, the pros outweigh them. And every job has some cons, so it is wise to try clearing the SBI PO exam to be a part of this reputed organization. The questions are tough, and there is high competition because of many candidates, but with the right exam preparation strategy, one can easily clear the tests. In this, online resources such as BYJU’S Exam Prep can help you with a wide range of study materials and expert guidance.
Read Also: How do you become Lean Six Sigma Black Belt Professional?
